Broadacre and Wigmore

[farmaholic]

Could someone clarify paragraphs 24&25 on page 7 please. Too much legalese for me.

Did FCC assume(buyout)KU Farm's loan to Broadacre?

[farmaholic]

Is he still on the "Speaker's" circuit?

http://www.infoag.org/speaker/3/14870/

[bgmb]

This one will hit them where it hurts the most, ego and wallet. when they started this thing I guarantee the thought that they would go broke never even crossed their mind.

[bgmb]

I wouldnt have done what they did and couldnt have even if i wanted to. Athe same time remember that at the end of the day these are people with families and I dont think they were out to screw people out of money. Probably made lots of people lots of money over the years bit off way more than they could chew this time tho.

[MBgrower]

Wow, FCC sure looks to be the fool. Wonder how many heads rolled over this faux pas. Oh well, i guess us litle farmers of 5k and less will pay for this in the long run.

[tstep]

Feel sorry for the small businesses and small land owners that got hooked into this scam but I have absolutely not pitty for these ****ing assholes that figure they have to farm the world. And Heads should roll at FCC for supporting this scam. Took a marketing course years ago that Pike was the teacher and I thought he was full of shit then.

[seabass]

Trouble will all this is they drag the rest of us along. By that I mean higher rent and higher land prices. Setting precedents that are always matched or surpassed. Just stupid and the creditors are the ones that help it along and then turn around and ask way those prices were paid. Someone at these institutions shud be shit canned.

[farmaholic]

seabass, maybe some brown envelopes were passes under some desks????

[oneoff]

If you don't speak legalese; then at least pay attention to the one liners like

"Entire investment may be lost
An investment in the Rights or Common Shares is highly speculative and may result in the loss of an investor’s entire investment. Only potential investors who are experienced in high risk investments and who can afford to lose their entire investment should consider an investment in the Corporation."

And if you do get involved; you can be in financial trouble; even when on the secured creditor list.

Many could testify that all the many anonymous unsececured creditors are shit out of luck. You'll not hear the details of most of those specific sad cases; but rest assured that the last collapse/bankruptcy/forclosure will not be the last collapse/bankruptcy/foreclosure.

Some of those future disasters are near 100% predictable; just like the Broad Acre example; and One Earth deals; and CPP outcomes; and QE; and inflation turn good money into pennies on the dollar..

[bucket]

Dave4441

It was a general question. Kostal was an example.

If I would have invested I would have used my name.

But thanks for your critique.

Just for fun I am saying black. Let's see if you say white.



Speaking of Kostal as a grain analyst. A neighbor of mine had his flax seed bought one year, went to Kostal's expert presentation as part of his own due diligence ,came home and sold it because Kostal said flax had no future that coming year. Flax went to 15 bucks that fall. I don't think my neighbor even got that much for the seed he sold earlier in the spring.